Three days of gains gone in just two minutes. That’s what happened to Apple shares today after Gizmodo published a rumor suggesting Steve Jobs’s declining health is the real reason he won’t deliver the keynote at Macworld 2009. Apple hasn’t yet commented on the report, but it doesn’t really need to. According to CNBC, it’s totally bogus.
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Told that Macworld Expo 2009 will be Apple’s last, and the first that CEO Steve Jobs does not keynote, investors behaved much as you’d imagine, dragging the company’s shares into the mud in after-hours trading. Fueling the panic: obvious concerns about Jobs’s well-being. And, of course, speculation that Macworld is likely to disappoint devotees hoping for the introduction of some insanely great new product. But would Apple really send Senior VP Phil Schiller out onto the Macworld stage without a cool new product to introduce?
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Rumors of renewed talks between Microsoft and Yahoo are as inevitable and persistent as Friday the13th sequels — and not nearly as entertaining. Shares of Yahoo spiked this afternoon on rumors that Yahoo is back in merger or partial acquisition talks with Microsoft.
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Microsoft CFO Chris Liddell said last week that “speed is of the essence” in completing a deal to buy Yahoo.
So why is it taking the company so damn long to respond to Yahoo’s latest stonewalling of its advances? Three days have passed since the expiration of Microsoft’s deadline for Yahoo to accept its buyout offer [...]
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